Step 1: Recall Bouguer anomaly concept. The Bouguer anomaly is obtained after correcting gravity data for: - latitude, - free-air effect, - Bouguer slab correction (due to elevation), - terrain correction. Thus, Bouguer anomaly reflects mass distribution beneath the surface.
Step 2: What remains after corrections? Once all standard corrections are applied, the residual variations are due to density differences in subsurface rocks (not surface topography or elevation).
Step 3: Interpret options. - (A) Topographic undulation → already corrected. - (B) Increase in densities with depth → general trend, not anomaly cause. - (C) Lateral density variations → correct, causes gravity highs and lows. - (D) Moho contrast → large-scale regional feature, but not local Bouguer anomaly variation.
Final Answer: \[ \boxed{\text{lateral density variations}} \]